Toyota is spreading clean energy investments across pure electric cars and hybrids as well as hydrogen, partnering with rivals like Subaru to reduce costs. The strategy is feasible, but Nissan’s more conventional solution is a threat: KatrinaHamlin
Toyota Motor aims to get half of its global sales from electrified vehicles by 2025, five years ahead of schedule, and will work with Chinese battery makers to meet the accelerated global shift to electricity-powered cars, the company said on June 7. The automaker will partner with Chinese companies Contemporary Amperex Technology and BYD for battery procurement, according to the announcement.
On June 6, Toyota said it was teaming with Subaru to develop a battery-electric sports utility vehicle using shared technology to split costs.
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